Articles Tagged with "GM"

China fines GM 201 million yuan for monopolistic pricing
China fines GM 201 million yuan for monopolistic pricing

BEIJING -- China will fine General Motors' joint venture 201 million yuan ($29 million) for monopolistic pricing, state TV reported, ending speculation after an official earlier warned of penalties against an unnamed U.S. carmaker.

Jan. 11 , 2017
GM sales rise 7.1% in 2016 behind Cadillac, Buick and Baojun gains
GM sales rise 7.1% in 2016 behind Cadillac, Buick and Baojun gains

SHANGHAI -- General Motors' China deliveries increased 7.1 percent year on year to top 3.87 million vehicles in 2016 as strong sales of the Cadillac, Buick and Baojun brands more than offset weak deliveries at Chevrolet and Wuling.

Jan. 10 , 2017
GM joint venture fined over price-fixing
GM joint venture fined over price-fixing

SHANGHAI’S pricing regulator has fined SAIC-General Motors 201 million yuan (US$29 million) for monopolistic pricing. The city’s pricing bureau said yesterday that since 2014 the US carmaker’s venture with China’s largest automaker SAIC Motor Corp ha

Dec. 26 , 2016
GM asks top U.S. Supreme Court to reverse ignition switch ruling
GM asks top U.S. Supreme Court to reverse ignition switch ruling

NEW YORK -- General Motors on Tuesday asked the U.S. Supreme Court to overturn an appellate court's ruling that the automaker's 2009 bankruptcy does not shield it from lawsuits over a faulty ignition switch linked to at lease 124 deaths and 275 injur

Dec. 14 , 2016
Ballooning inventories will test GM's resolve
Ballooning inventories will test GM's resolve

DETROIT -- The stout sales discipline that's producing huge profits for General Motors has a troublesome side effect: GM's vehicle inventory has ballooned 28 percent since Aug. 1, to the highest level in nearly nine years.

Dec. 12 , 2016
GM China sales advance 7% in Nov. on strong Cadillac, Baojun volume
GM China sales advance 7% in Nov. on strong Cadillac, Baojun volume

SHANGHAI -- General Motors' deliveries in China increased 7 percent from a year earlier to 371,740 vehicles last month, as strong demand for the Cadillac and Baojun brands offset weak sales of midmarket models.

Dec. 6 , 2016